Seeking Alpha

A Q4 miss and light guidance lead Procera (PKT -29%) to go into freefall. Rival Allot (ALLT -4%)...

A Q4 miss and light guidance lead Procera (PKT -29%) to go into freefall. Rival Allot (ALLT -4%) is off more moderately. Procera is forecasting 25%-30% 2013 revenue growth, below a 38% consensus, and sees most of this growth happening in 2H. Operating losses are expected in 1H - the Street has been expecting profits - before a 2H return to profitability. On the earnings call, management blamed "lumpiness" in tier-1 carrier orders, while insisting Procera saw no "material" competitive losses in Q4. The Vineyard acquisition has increased opex.

Check out Seeking Alpha’s new Earnings Center »

Comments (1)
  • Mark Sams
    , contributor
    Comments (9) | Send Message
     
    Way over sold.
    28 Feb 2013, 12:32 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs